True, Byzantium was the Eastern Roman empire, that persisted long after Rome's fall. Its capital was Constantinople, and the Eastern Roman Empire fell in 1453, with the sack of Constantinople by the Ottoman Turks.
These royalties are paid by record companies or companies responsible for the manufacturing. In the U.S., the amount owed to the songwriter is $0.091 per reproduction of a song. Outside the U.S. the royalty rate is around 8 percent to 10 percent, but varies by country.
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If by “fiscal policy,” one means the relationship between government spending and tax revenues, and by “balance of payments,” one means the current account balance (merchandise trade plus net services and investment income), the following is true: more government spending, while holding constant revenues and net ...
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